UK manufacturing activity edges higher in January Essay

UK manufacturing activity edges higher in January - Essay Example According to a survey of Purchasing and Supplies Chartered institute at least six hundred industry institutions experienced a flop in the export market in a sequence of at least one year (BBC, 2013). However, this predicament did not hinder potential growth in the domestic demand market where orders for locally manufactured products reached an all time high. Therefore, the improvement in business trading conditions has facilitated a remarkable correspondence to an encouraging start in 2013 for the manufacturing industry (BBC, 2013). In this regard, this essay will delve on the ways in which the UK can command a global market share as compared to other competitors like China. Further, it will focus on how low cost labor influences this trend as the application of low cost labor force has propelled China into being a manufacturing giant. In addition, the essay will zone in which precision products the UK should focus on as how Germany has done. Presentation of issues In the past years, the poor performance of the manufacturing industry had clear indications through the financial markets where they recorded dismal performances. Sequentially, this performance led to the stagnation of industrialization in the UK. However, this trend has experienced a revolution in that the sector has managed to lift the economic aspects of the UK. This means that the export markets for the manufacturing industry in the country have expanded with most of the expansion being in January of 2013. In addition, the European market has also achieved stabilization through the emergence of improved market activities. Moreover, the weakening of the sterling pound has also facilitated the expansion of the European market because this has helped overseas markets to enhance trading (Abbott, 2002:120). Therefore, the most likely occurrence this year is the securing of growth levels for product launches by manufacturers in UK. Subsequently, the new product launches into the European market would p ush for profitable markets outside Europe. In essence, all is positive acquisitions occurred in a period in January 2013, which marked as a positive way of beginning the year for the industry. Presently, the re-emergence of the manufacturing sector has set their goals on being on the worldwide recovery path. Key themes Ideally, the global recession formed the basis for lack of employment for a large part of the UK population (World Of Information, 2003: 394). This predicament influenced a high in the inflation rates because the products on sale came with a high price tag on them. In essence, the recession forced many to lose their posts in their places of work because the profits realized during this time was not sufficient enough to sustain the labor force. During this time, there was the unending search for labor available options because the demand was high, but there was no labor force sufficient to make production in the manufacturing industry. Arguably, global recession brough t about the disparity in the industry because the manufacturers were not able to reach market demands. In addition, the lending rates went up because of inflation as the sterling weakened to relatively low levels. Therefore, the manufacturing industry had to borrow at extremely high lending rates, which they could not manage to repay since their profit levels were insufficient. In this regard, the manufacturing

Impact of National Culture on Organisational Culture Literature review

Impact of National Culture on Organisational Culture - Literature review Example While Johns (2006) stated that national culture restricts the disparity in the culture of the organisations (Martocchio, & Liao, 2009, p. 4). It is important that organisations around the world should know certain parameters on which cultural difference is based. Cultural differences can be a matter of concern as well as can be advantageous for the organisations. Its effect can have a greater impact on the productivity and functioning of the organisations in global market. The effects of differences between national culture and organisational can may be functional and dysfunctional depending on the situation. As far as dysfunctional effect of culture is considered, innovation and change is affected and group thinking is encouraged (Aswathappa, 2010, p. 176). Literature Review Organisational Culture is the cooperative encoding of the brain that differentiates people from a particular organisation from people belonging to some other organisation. National Culture on the other hand can be defined as the cooperative encoding of the brain that differentiates people of a particular group from the people belonging to other group (Hofstede, n. d). It is believed that culture is a concept but still the forces created in the situations related to organisation culture are said to be powerful. The difference between national and organisational culture may affect an organisation but on the hand it is also noted that there is a strong linkage between national and organisational culture. Moreover, organisational culture derives from national cultures. This signifies the advantage lying in organisational culture being derived from national culture as it would create a better understanding of the working culture in the host country. But, disadvantage associated with it also cannot be denied as the true culture of organisation is subjugated in presence of national culture. Newman & Nollen (1996) have put forth the theory saying managing business with one best possible method is a wrong assumption. Cultural differences in different countries emphasises on different management practices by organisations. Diversity in the culture of organisation and the host country is a sensitive issue. Organisations around the world face challenges in diversified environment with different cultures. Different people have different religious beliefs, come from different ethnic groups, and belong to different countries and most importantly cultural difference. The complexity and the differences that arise between organisational and national culture gives rise to entities which are beyond expectation. It is believed that national culture’s impact on employees is higher than the impact of organisational culture. Every organisation develops a culture of its own in the process of evolution as a global player. Organisational culture development becomes all the more important to overcome the problems related to adaption in external environment. Globalisation on the other han d has made organisations improved entities and their cultures have made significant influence on the employees and their work culture. It is believed that multinational organisations have strong culture to overpower the impact of national culture, thereby helping multicultural people to assimilate in a team (Saiyadain, 2003, p. 262). National cultures cannot be neglected as they have considerable